Own Maine Real Estate Blog

One less house to worry about is what happens when you don't own one and are trying to buy a Maine home.

To add to the collection. One at a time Maine home purchases means the focus is just on does the buyer have the cash or can they get a bank loan?

Do they have the job income, credit score and healthy debt ratios to pull off a Maine home purchase priced (hand up in air) this high?

And is the house in Maine they want to buy up to snuff.

So a Maine house appraiser can give it a thumbs up for value and condition.

So a sale at a Maine real estate closing takes place.

That scenario is enough fun and games when tricky bank mortgage financing programscreate a maze of hurdles to clear. But bring in a oh, by the way, already own a home somewhere in the World.

And if it has a home loan mortgage, is tapping into the ability to purchase the new one, another on housing radar, sometimes the home show stalls. Hold up theere big fella. (Horse snort, whinny, pawing at ground sound)

As if it was one big forecast that applies to everywhere. That works like one national weather forecast. For all the nooks and crannies where there is property listed, for sale.

Real estate bloggers are guilty too of making one giant sweeping report statement for what is happening for the country.

Based on the what is selling, not moving from their own experience. At their GPS settings zoom in from space.

Each US real estate market pie is flavored differently. Those flavors, tastes change and reflect the current market the listings, properties populate.

But limited to a small chunk of the nation. What moves and grooves in their own backyard. The truth is that every market in real estate, in any industry is so so different and dependent on a slew of variables, factors. All unique and controlled by the way in my case small Maine towns operate and survive.

Hurdles to clear in real estate is like anything else in life. Sometimes a Maine broker, REALTOR gets a call from a seller like this.

Often it can be a widow, with a waterfront property on a Maine lake. No fun coming up to the camp in Maine she tears up. Because lost my best friend lamented.

And only reminders all around the widow, the owner of the Maine waterfront property. So like seasons that change, it's time to sell.

Where I come in, why I got the call.

What's the value of the Maine real estate wondered out loud.

It's a big step to consider letting go of a spot on the water in Maine that has been nothing but good times, memory making with family, friends. Being next door to a Maine lake or out on it is a heck of an experience.

Maine waterfront properties, five things to watch out for in the eenie meenie miney moe of the listings.

LIke any real estate purchase, it starts with your expectations, your budget. How the property on the water will enhance your life. Dove tail, fit in to your day to day.

First, if you live many states away, the Maine property on the water may be used a few times a year at best.

Because your home base is not here in Maine, on the waterfront. Yet. Loose ends to tie up first.

But your plan is to buy now, while prices for Maine property listings are low.

So you can take the income tax benefits of owning a second home on the water in Maine.

Is the desire to make this a Maine waterfront property a rental vacation spot or not?

Because if it is, you might be able to afford a more expensive Maine property on the waterfront.

It becomes hard working. Not empty and just sitting around unused. Yawning, waiting for your now and then highly sporadic visits.

Deducting the interest expense if mortgaged, the Maine property taxes. Keeping track of what you put into the place if you decide let's rent it out. Make it pay or at least subsidize itself. Plan to talk to the bean counter, CPA that studies your yearly numbers. Helps you fill in the blanks on the income tax return you file. To know current tax laws, any changes annually.

Happens a lot, pick up trucks in Maine being bought by a new out of state buyer.

Who thinks he will need a four wheel drive to travel the roads in winter.To survive one. To keep the dooryard, driveway clear of the white fluffy snow.

You can spend some serious money for a new pick up truck in Maine. And there are so many out there with pick ups wearing the yellow, red, silver snow plows that just hiring it out is a common option. For early morning busting through snow banks.

So is a small snowblower to carve out a tunnel, roadway in / out.

The walk behind kind or the back / front loaded on a garden tractor or larger. With a power take off to run it from the tractor of whatever size. So you clear your yard easily on your own. But also do many down the street in a bang bang bang row. As an extra source of income for a much needed service.

This winter those plowing snow per storm made a healthy chunk of change. Someone owning a payloader, front end machine could clean up In fact many I have talked with said property home owners were literally running down the street, waving money. To flag down and coerce, coax, plead with the operator. Help. Please plow, clean me out.

Manufactured homes in Maine, what is a modular, a double wide, or other variation of something made on a factory floor?

Shipped in from out of town to land on the Maine land in the country. The intown lot unless a comprehensive plan ordinance says hold it. You can't put those here.

Years ago it was simple. You made a Maine home out of wood, brick and stick built the norm.

Carpenters on the site cooking, building from scratch.

Like back in the days of the barn raising on a Maine farm.

This week we help get your barn up.

Next week are all moved, set up at your place to do the same. On and on and done live local. Tied to the expense of materials, local labor rates, the expense to live where the new construction does eventually.

Hunting and fishing in Aroostook County, Northern Maine can have lots of meanings.

You could go in lots of directions under that category heading for a Maine blog post title. Because it all depends on what you are hunting, fishing for in your roaming. Over the hills, dales, waterfront options in the largest of Maine's sixteen counties.

The term hunting in Maine used to mean just game birds, black bear, white tail deer and large pretty docile moose.

You had your trappers, folks that shot with a camera.

And were more after the telephoto sniping of bald eagles, rare Maine birds.

In life, in business, we all try to try to keep the boat from rocking, upsetting.

But emotions can run high in a good and not so peachy keen way in the Maine real estate buying and selling process. People are involved.

Memories, hurt feelings happen and history from events the Maine real estate agent, broker can know nothing about suddenly surface.

When the for sale sign is posted. The marketing begins on a family property listing.

The scenarios can be many garden variety knee jerk reactions when Mom or Grammy, Nana decide it is time to sell the Maine lake cottage.

She does not enjoy coming up to the place she spent the last thirty years with her one and only partner for life.

The cost of repairs, property taxes and afraid of the place doing downhill is another reason a Maine real estate sale is best. The time has come but that does not mean all the children, inlaws, outlaws are on the same page.

Don't forget Mama and Papa Bear and who else from the family should, wants to be involved in the Maine real estate home sale. Because their input is vital to encourage or discourage and help the process to narrow down the home of their dreams.

And because the older family member's influence is going to shape, sway the process if you include them or not in the Maine home purchase.

And working with the party's collective concern is easier than trying to second guess the kink.

Where the tug of war is happening in the Maine real estate home sale.

The down payment, help with the repairs to get the Maine bank home loan. All may be part of the role of the supporting parents, grandparents or whoever is brought into the sales.

It may be Great Aunt Margaret who helps advance the gift money, an earlier inheritance.

So crucial for the Maine home buyer to have enough funds to swing the property or not in a bank loan purchase. Down payments are getting more and more scarce in a day and age of less and less saving money the norm. Impulse control part of it in the spending.

In large city urban areas, there are different pockets of real estate listings in the good, bad, the ugly spots.

To flock to or avoid like the plague because of crime, decay, poor city planning. Healthy or in decline, flat lining? Concern about the quality of life for you, your family and their safety is number one.

The return on the property investment after you make the home listing purchase a close second.

For starters, lots of local FAQ topics need home work study, addressing to get ready for the visit to our Northern Maine area.

Often the Houlton Maine home buyer from outside the state will ask about areas, neighborhoods to avoid. Because where they currently live, there are lots of real estate locations on the Monopoly board game where you drive around them. Steer clear.

Circling them with a red magic marker as not the places to put your money. Crime the big reason, or schools are better in this area or two towns over from this community.

Pour, then slurp your second fresh black caffeine installment of the day with one hand.

The other God gave you reaches for the large cast iron frying pan. Flies, pilots, lands it with a touch down on the hot wood cook stove surface.

Early morning farm chores are done, for now.

You just spent the last two and a half hours with horses, sheep, cows and chickens. Feeding, watering, cleaning up, replacing straw bedding.

The hens are the only ones that provide something for your Maine farm fresh breakfast. You crack three eggs layed overnight into the Maine blueberry pancake batter poured from a refrigerator pitcher. Three more eggs have tickets for front row seats in today's Mexican omelet.

Small Maine towns are special, and the Pine Tree state has 108 of them.

Linneus Maine, population 984 people is located in Southern Aroostook County. Before Interstate 95 was built, put into operation, US Rt 2A that goes through the town of Linneus Maine was much busier. Lots of traffic from Northern Maine would have to pass through this major transportation artery in this six by six mile square town.

Local residents, recreational traffic, trucks hauling agricultural crops, livestock and wood to mills make up the bulk of Linneus Maine traffic.

Plus traveling Maine tourists wanting to skip the monotony of an interstate system. Take the exit. To go a route actually ten miles shorter to Bangor Maine. Through many quaint small Maine towns that were more hustling, bustling when US Rt 2A was "all she wrote". Things were all about live and local.

Hunting, fishing, snow sledding and four wheeling recreational cabins dot the highway heading south of the town of Linneus Maine.

Days on market, the DOM. Reduced to a number, society wants just one lone figure to quickly tell it all for health, in real estate, in life.

Pronto, hurry, the answer in one set of numerals. DOM stands for days on the market that a Maine real estate listing lives, lingers. Has to sit around, wait for a buyer. Inventory piles up.

And like most things in life, to put all the red and black stack of chips betting based on just that one number is foolish.

But the DOM number does say a lot to quickly like an ER doctor's assessment indicate we have a growing problem.

A major concern, with a high DOM number involving years stacking up. Just not sure for the all the individual, particular reasons without the clipboard.

Too early to tell, further monitoring, questioning, tests are needed to know for sure.

If just in the early stages and seasons, agents have not changed yet in the process of buying and selling. Local market conditions affect the listings, sales DOM rise and fall. The days on market start to stack, pile up. Often even the agent, broker, REALTOR has doubts if the property listing in Maine will sell or not. Which signals time for a change.

People are busy and Maine real estate information delivery has to be just as chop chop quickly available.

Complete, sweet, neat. Every time. And a healthy selection of property listing pick up and go options are key. To tap into the signal, satisfy the hunger means it better be available in a variety of transfer, engagement methods.

Print, lap or desk top, smart phone, even text with helpful links.

Like most industries, more complicated has happened in high tech real estate marketing today.

Sophistication for the tell me about your area, the property listings in Maine I can afford there means quick turn around is a must. Paddling for all you are worth as the agent, broker, REALTOR.

Delays are costly, no slack in the request filling when the order comes in. (Ding ding ding kitchen diner counter bell ringing sound). No one likes, should have to wait.

All Maine real estate information deemed reliable but not guaranteed and should be independently verified. All properties, listings are subject to prior sale, change or withdrawal. Neither listing broker nor the site owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.